Answer:
After 7.40 years it will be worth less than 21500
Step-by-step explanation:
This problem is solved using a compound interest function.
This function has the following formula:
Where:
P is the initial price = $ 34,000
n is the depreciation rate = 0.06
t is the elapsed time
The equation that models this situation is:
Now we want to know after how many years the car is worth less than $ 21500.
Then we do y = $ 21,500. and we clear t.
After 7.40 years it will be worth less than 21500
Using the normal distribution, it is found that 0.26% of the items will either weigh less than 87 grams or more than 93 grams.
In a <em>normal distribution</em> with mean and standard deviation
, the z-score of a measure X is given by:
In this problem:
We want to find the probability of an item <u>differing more than 3 grams from the mean</u>, hence:
The probability is P(|Z| > 3), which is 2 multiplied by the p-value of Z = -3.
2 x 0.0013 = 0.0026
0.0026 x 100% = 0.26%
0.26% of the items will either weigh less than 87 grams or more than 93 grams.
For more on the normal distribution, you can check brainly.com/question/24663213